Skip to main content

About your Search

CNN 11
English 90
Search Results 0 to 49 of about 90 (some duplicates have been removed)
♪ >> do not be fooled by the headlines. the economy is in bad shape. tax and spend is a failure. good morning, everyone. the bean counters presented the report on the economy. and what did the media pick on? the deficit. this year it will be below a trillion dollars, that's what the pundits focused on and ignored the grim reality. in fact, our debt is headed toward the worst levels in post war america. worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at we put the law on your side. >> first up this wednesday morning, gas prices, yes, they are still on the rise. national a
gerri willis. tonight on "the willis report." a new federal tax policy. the latest push in congress to make marijuana legal and tax it. president obama proposes a short-term fix to delay automatic spending cuts one day after he blows another budget deadline. and the shocking proof union leaders just want more power, not power to the people. "the willis report" is on the case. all that and more coming up later, but first, the top story tonight, building in washington can change, totally remake current marijuana laws. including legalizing industrial production as well as establishing a federal pot tax. lawmakers on both sides of the aisle worked away on these bills, one of which introduced just today by two democratic congressman. both of them calling for an end to federal pot prohibition. will it work? joining us now, drug policy visor and founder and executive director of the drug policy alliance. starting with you. melissa: it is a lot like the appeal of alcohol probation. if it doesn't work, it is not effective and they say it is costing tens of billions of dollars every year, div
? you have the jobless rate picking up, economic growth slowing down and the federal income tax turning 100 this sunday. fears are growing it's only heading higher. swatch out on the price of good friday. it's 14,000. >> let's celebrate. we're rich, we're rich again, part two. here's what i think about the income tax. remember those coffee mugs, life begins at 40? how about for the income tax life begins at 100. let's actually fix this thing, make it a little more favorable for businesses, for income, for individual income earners. i mean, that would be a lot better than at least leaving it at this rate. >> some say we've had it for 100 years. maybe we should keep it for the next 100. >> here's the thing. i'll tell you. it's been a rough 100 years with regards to income tax because there's been a lot of wrangle ling. if you just look at the numbers, we rely on the top 10% of taxpayers, jenna, as a country more than any other developed nation in the world. we know we have the highest corporate tax rates. >> you just don't want to pay your taxes. >> hello, irs, i don't want to pay my taxe
as a baseline scenario. remember, all the times the bush tax rates were expected to expire. this is probably the best look. the most honest look we have gone from cbo in years now. i want to show you one more thing on deficit reduction. this is the three scenarios. if you increase deficits by $2 trillion, long-term, by 2023, you start to slow down if you had no deficit reduction. look at how much growth increases here. you take a short-term hit for next year, in the long term, you are adding almost two percentage points to gdp. back to you. lori: that was just about as helpful of a visual as you can get when it comes to understanding this math. melissa: that really breaks it down. what is the cost of reducing the deficit. if only we would have done that before. a great report. thank you. lori: troubling, at best. let's continue on. reversing yesterday's pullback and continuing to rally through the start of this year. will this continue? >> i am pretty optimistic going forward. i do think you will hit about 1675 on the s&p as the year end target. the housing recovery will continue. i think ov
will get back to you if there are more details. the fbi is promising that in the next few hours. >> tax hike to high income earners. he may be going to the well again. the president insists he needs more money to reduce the deficit and will likely focus on a familiar target. white house correspondent wendell goaler tells us how that is going over. >> as the president headed to minnesota to talk about gun violence, republicans on capitol hill tried to keep the nation's attention on fiscal matters. >> we are having trouble in large part because spending is a problem. it is what is chasing jobs overseas and causing much anxiety about our future. >> sunday in a presuper bowl interview with cbs's scott kelly mr. obama said this year's tax changes shouldn't be the last. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down the deficit. he is not talking raising rates but closing loopholes especially those making money from investment pay a lower tax rate than income salaried or hourly wage earn ers. >> the average person doesn't have acc
say, that you can be on the path of citizenship if you pay all of the back taxes that you have and pay a fine and we are talking about folks who are coming here and making the meager earnings, and how long does it take them to pay it all back before they can become citizens. >> michael, you made an economic argument about the cost of detaining and the cost of deporting and the cost of all of this, but i keep thinking about the cost of getting on that path to citizenship for ordinary immigrants here. >> all year long, we have the stories of the people coming into the offices. the filing fees are prohibitive to everybody introduced to the new gift. these people are putting food on the table, and they have the same challenges. president reagan in the 1980s changed the immigration law when he gave the nasty word amnesty out, and then he shifted the responsibility of policing immigration from government to employers, and the employers in a hard economy and generation now are being punished by the obama administration and the justice department and homeland security by not doing i-9s and pol
. ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... officemax. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> we're hoping your saturday is off to a great start. before you make your breakfast, listen to this. ingredients and food we just love are banned in other countries because of how dangerous they are for our bodies. >> yeah. so what are we going to do about this. ask the authors of rich food, poor food dr. jason and certified mirra. >> good morning. the first thing you talk about is counterfeit colors. because there is artificial color in just about everything. >> absolutely. five of them that a
linda has a comment on the end of the payroll. this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments,
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
in this country and jobs but it increases revenue because, you know, think about it. more people paying taxes. you know, that's just good stuff when people are paying taxes. folks are getting educated in america. they are serving in our armed services. they are making our country better and brighter and safer blah, blah, blah, blah, blah blah. why do we need immigration reform? why? it's so important and we will take calls on that too. give us a call on that. taking calls on chuck hagle. twitter is abuzz about chuck. what do you think about this whole immigration stuff? >> it's time to get it done because republicans have finally, gotten on board. i think it's a shame, the time that they deem it's time to get it done. the time to really do it was five years ago. i mean a long time ago. but it's pretty from the parent that republicans realize they have got to get on board because they got their asses handed to them in the last election. the fact that now everybody wants to come to the table and participate, i think it's sad, and i think that it's worth pointin
there openly for seven years and pay all the taxes. but today officials determined it was actually trespassing. boo. so the bank repossessed the home. boo. and changed the locks. kill joy. bank of america. don't they have enough money? steve harrigan is in the south florida newsroom. still no word from loci boy though, i'm bummed. >> no, shepard. no appearance of loci boy yet. it was 1:00 p.m. when police moved in on that 2.5, a bedroom mansion. brought locksmiths with them as well. broke open that iron gate. went inside. no sign of loci boy or seven or eight people also occupying that house. they found a lot of toiletries and a real mess. they pulled that outside and bank of america now has taken possession of that house. they issued a statement which said we appreciate the assistance of local authorities and the patience of neighbors as we work to have the trespassers removed. no word on where loci boy might be. police told us this afternoon they are not looking for him and there is no warrant for his arrest. shepard? >> shepard: loci boy unwittingly a leader of others as there are copy cats
a law stopping the payroll taxes from going into the general fund. sometimes those guys just every pass. mark says the age for social security needs to be raised. that is the only way to solve it. finally, the lunchbox cops are targeting fried foods. cafeterias will no longer serve 100,000 workers fried chicken, concise, fried fish, and help these workers cope, the usda has hired a full-time dietitian on site. of course, we were paying for it is taxpayers. here is the best part. this whole plan is only for a few buildings. if workers want some french fries, they just have to walk a block to the energy department where the french writers are still bubbling. that is my "two cents more". that is all we have for tonight. we will see you back tomorrow. lou: good evening, everybody. the president today spending political capital by the bucket full. pushing hard for gun control. despite the fact that the murder rate in america has dropped to a 50 year low. he called for more and higher taxes, despite the fact federal spending is out of control. today, the dow jones industrial posted the is los
a chance to earn their way through citizenship by paying taxes, establishing they are no threat to america by their background and meet the basic standards we require. >> both sides appear to be willing to get the job done he cautioned if the plan does not include border security at that point it may not get done. >> the right kind of bill will benefit both parties president obama will get the achievement he fail to do deliver on in the first term and republicans can put the issue bind them. a bad bill will hurt the country. >> rove's success with immigration reform will be president obama how he accepts or declines or will he go with his own plan which may prove to be problematic for conservatives on capitol hill. >> thanks so much, kelly. >>> check out the weather today. we have got the first degree weather update with maria molina. >> some cities waking up with snow on the ground. >> yeah, a couple snow showers through the northeast. a pretty nice start to your morning for early february. it's winter. we are looking at temperatures not too far away from where they should be this time of
taxes. maybe i even used someone else's social security number. am i going to be penalized? does that disqualify me from being a part tof this? what happened to those family members, who wanted to work but couldn't find employment legitimate? you can't penalize these people in that way. >> i think we learned from action program for workers who can have a work permit and have temporary reprieve from deportation, that the fee is also a huge issue in our communities. you're asking people to pay back taxes, to pay penalties, to pay fees. you're not really creating a pathway for people to go from a provisional status to anything else. >> here's the other issue. what the fines are going to be. more data. $1,000 fine would affect 2% of undocumented population. as you scale up, if it's a $10,000 fine, that's maybe knocking out a quarter of the folks that we're talking about. congressman, i mean, one of the things i think is interesting, when we talk about these requirements, it seems to me that the requirements for the pathway to citizenship were reverse engineered around the campaign tr
recovering. >> health care, taxes, the economy. >> that takes time to explain to people. >> the republican party just isn't there. >> washington has to deal with its spending problem. >> that may take more than one election cycle. >> i've had enough of it. it's time to act. >> get used to this new word. >> the sequester. >> the sequester. >> the sequester. >> i don't like the sequester. >> something so terrible. >> dogs and cats living together, mass hysteria! >> slow down. >> we've got immigration, gun control, electoral changes. >> it's time for them to exert a little leadership. >> we have to identify our principles. that takes time to explain to people. >> i've had enough of it. it's time to act. >>> john boehner announced today that marco rubio will deliver the republican response to president obama's state of the union address on tuesday. rubio aides are busy trying to spread the nonsense that he will write his own speech. senator rubio did an interview with buzz feed last night while drinking beer, a necessary proof to political reporters that you're a regular guy. >> what we have t
bad sin tax. he was deflecting attention. he wasn't shy. he met with the press every other week. it's more than any other president. he was out there. he was careful not to overstate things. careful not to show off too much. >> i want to ask you and this is the last thing, was he a little bit vain because of the eisenhower jacket. he took pains to show off his physiq physique. >> he did. i asked his family about it. he was a buff guy and he looked good in the eisenhower jacket, which he designed. he was vain, aren't we all? he was careful not to show off. >> well, i'll glad you showed off with this book. it's a good one. "ike's bluff." thanks for joining us. >> thanks. >>> the best super bowl ad ever. first, let's get to number five. pictures of kate middleton showing for the first time. evidence of her pregnancy. she did not step out for weeks. she was hospitalized for mourning sickness. she appears in fine form now. we are wishing her well. , we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk t
against tax increases and all the rest of it, if you are a major political party, dick luger is a first round draft pick for you. he is the kind of guy you want in the senate seat. you want him in the senate seat because he does a very important thing, he does not lose senate elections. but in 2012, something really unexpected happened. and dick luger lost the seat. but he didn't lose it to a democrat. he lost in a primary to this guy. >> i think even when life begins in that horrible situation of rape, that it is something that got intended to happen. >> that is richard mourdock, the tea party anti-establishment candidate. he had endorsements from americans for prosperity, the national right to life association, he is the republican who knocked dick luger out in the primary, and also lost the 2012 senate race in indiana. he is part of why despite the democrats defending the seat, increased their majority by two seats. over the past couple of things this kind of thing happened to republicans an awful lot. the establishment has been getting routed by the tea party. and many have not foug
of a woman accused of stabbing her boyfriend more than two dozen times. time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... officemax. for over 75 years people ...with geico... ohhh...sorry!. director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable laughter). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. >>> it has been a wild week of weather in parts of the u.s.
] sounds good. it's amazing what soup can do. [ male announcer ] sounds good. time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... officemax. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if
the tax rate should be whatever it is in the tax rate in the campaign. he is getting attacked by the tea party side. he is trying to attack the so-called reasonable republicans against the nuts, rove was just attacking hannity, listen to this. >> the group that went out with the e-mails and fundraising entities, they get into the pocket of the person who owns the website or the political action committee. i am a volunteer, i don't take a dime from crossroads. >> richard, this is the fascinating current civil war in republican world, rove versus the tea party. >> i think he has done pretty well being a political consultant. i am going to be skeptical, even if he was sitting in what looked like the lobby of the holiday inn, this is a fascinating debate. this is what a party looks like when it has gone to an extreme, people recognize it does not work and they're trying to attack back. for the president, the white house and democrats, in general, that offers up a whole range of opportunities that didn't exist before. when the policy was no defectors, no splitting of any votes. no sense of gi
. you say we'll not do that. it takes off the table future tax increases. once you spend the money you will pay for it one way or another. if you cut the spending you say, you know we'll have a more efficient government, less costly government. it will not be run by taxes. it will not have a lot of debt. that is a better pro-growth environment. the private sector will drive this growth and that is the key to making it more productive. melissa: you look in the same report, it says by 2023 our deficit is going to be or our debt will be $26 trillion. 26 trillion, 16 trillion. they're both like monopoly numbers that don't really exist in the real world. why should we care about that? >> historically when countries get above 90% of their economy size, 90% of gdp they're in the danger zone where they grow more slowly, they get into financial trouble. we're at 100% right now. $16 trillion economy. $16 trillion in debt. roll the clock 10 years from now, same thing, $26 trillion economy, 26 trillion in debt. what the cbo is saying we can do nothing and live the next 10 years in perpetual potent
up to some kind of compromise. they went ahead with a fiscal curve deal and let tax rates rise on top incomes. they extended the debt limit. they agreed to $50 billion in sandy relief after the president initially asked for $60 billion. and the so-called gang of 8's proposal for comprehensive immigration reform looks a lot like the plan the president put forth. now, one of the reason for changes is that politics have changed. the president is more popular than he's been in some time while the public has a negative view of the republican party. president obama has a 60% approval rating, while former secretary of state collin powell recently reminded him party of unfavorablety. >> i realized how are we going to win the next election? >> so is the republican party looking at a full fledged change? more concerned with principal than electoral viability or is this just textical change in the direction? seeming weary of drawing any definitive conclusion saying, quote, the republican party is undergoing a still early effort at re-examining what their agenda is and what they care about. i thi
here. >> yeah. not only our tax rate but getting crushed on these new obama care regulations. we have to put back people's hours. we love these people. these are community people. these are families, our friends. but we're barely making ends meet. we have to make a payroll. so the idea this is the big pollute craft, raping the poor people that narrative is really tired. >> it's not the big polutocrat it's the structure of modern capitalism. in the bush years when we did have strong employment growth a lot of jobs being created was low rate jobs. >> laura: globalization. >> also in the retail sector, the biggest area of job growth last month was retail jobs a lot of those retail jobs don't pay more than $20,000 a year. meanwhile the big retailers are making record profits. that is a structure problem in the economy. we need stronger labor unions. we need higher minimum wage. >> stronger labor unions. how do we compete with china, vietnam, south korea, india when we are going to have stronger labor unions that insure that we have more work place regulations. more ways that business has
it on washington. showdowns on capitol hill over fiscal cliffs, taxes, spending, budgets, issues hugely important to economic certainty but may have pushed businesses and government to hold back on their spending until the dust settles in washington. the only problem with that is that the dust may never set until the nation's capital. >>> if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and scapegoats when it's premature pronoun pronouncements turned out to be false, i suspect the economy would actually be doing better than it is today. >>> a key member of that white house economic team, professor of economics at the university of chicago booth school of business. austin, you were chairman of the pet's council on economic advisers. in fairness, this white house spends a lot of time blaming republicans for economic problems. is it too much politics and not enough policy? we did have an election. >> you know, i thought that was kind of a weird cheap shot to come from the minority leader. i think the difference b
because of a tax hike last year. there is uncertainty over rising healthcare costs and government regulations. that may be slowing down job creation as well. all of this as the once jobs council quietly disbanded yesterday after meeting four times in two years. >>> one thing the president could have been instead of wasting so much time flaming others would have been to convene the jobs council it created and missed so much fan fair. >> when we wear the ridiculous criticism it is people from capitol hill who refused every growth initiative and jobs initiative the president has put forward. >> as far as the unemployment rate it will stay at 7.7 percent. we will find out for sure in about 3 hours. >> doug luzader in washington thank you so much. three hours from now we will be looking at the jobs numbers. you need to find out what the weather is going to be like of course. we have an update. >> heavy snow in some areas. icy conditions made things very dangerous. >> you have to be careful on the roadways. a little snow can make things difficult for travel. the area we will see the mos
ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and we've seen this in europe. all that austerity. if you do it too soon, not only does it not work on the growth side it actually hurts you on the government debt side. >> okay. politics here, though, with republicans calling for all this deficit reduction -- they control the house -- is it politically not viable for paul krugman and you to get your wish? >> apparently it's less viable than perhaps it ought to be if we were just going on the economics. look, i think the thing that maybe paul and certainly me are both saying is, it may be unrealistic to expect more stimulus spending at a time like this. but i don't think it's inrealistic to take a hippocratic oath and say do no ham. that is don't take another $85 billion of government spending out of the economy willy nilly by letting the sequester kick in on march 1st. i think at least you'd want to supp
have to get in the back of the line and pay taxes. we don't know what kinds of fines they are going to have to pay. two different talks here of amnesty. ann coulter is on the rational review side. she said some were democratic voters. who is going to win this argument in the republican are party. do the democrats need all of the republicans? they just need some. >> it should be fascinating to watch. into the storm goes marco rubio. we are going to find out a lot in the cone teflt text of his aguilt to weather the storm. if he can't rally people to a great cause. he goes into the storm now with conservatives and republicans about to have a important debate about the future of our party.
the tourism industry is 40% of the tax revenues. the city spent five years and $1.2 billion making improvements to roads, airports, hotels and restaurants in preparation for the super bowl. once the super bowl is over, new orleans gets back to business as usual. all the changes to the city don't necessarily equate to changes in the lives of the resident who is remain behind. i have to tell you, for those of us living in super bowl crazy town, just the traffic snarls, trying to get my kids to school, much more importantly, look at millions of dollars in profits coming to the hotels, but they don't raise the income for the front line workers. that money ends up back here in manhattan. >> event economics are like trojan horses. they are brought to a city and sold with the idea of the party aspect. like your city is going to host a party, you should have pride in that, it means something to the country. >> new orleans. >> it's reflected all over the world when a city hosts the olympics or world cup. it imposed an economic structure saying we are going to base it around a service econom
Search Results 0 to 49 of about 90 (some duplicates have been removed)